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Showing results for tags 'off-plan'.
Found 7 results
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There are many investors who have lost money investing in companies which either fail to deliver or go bust before completion of developments. http://www.thetelegraphandargus.co.uk/news/14695945.International_investigation_begins_as_firm_creating_flats_in_Bradford_goes_bust_owing_millions_of_pounds/ -
I am from the UK but I now live in South Africa. I set a goal to make my first property investment this year. I have put a 2k reservation fee down for an off plan apartment in Manchester back in July 2020 to be completed Q2 2022. The process has been taking a long time and it brought up issues with the developer as my but to let mortgage is looking likely to come through a Shariah bank who have said they are willing to give me a mortgage at this stage. Once the property build is complete in 2022 the sellers solicitors will serve notice to complete in 10 days. My solicitor has ironed
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Hi all, I've been listening and researching for a couple of years on and off, I have now decided to start my investment journey! My time is quite limited for research so I stumbled across an investment company and thought I would give them a shot to see what they can offer. So far I am quite impressed, not forcing a sale and generally being very helpful. They seem to know what they are doing and everything makes sense going by my limited knowledge. My main aim is capital gains over a long period with multiple investments for a retirement fund, but of course the rental profits need t
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Hello, I'm being sent a lot of newbuild developments all over the country, some nice ones for investment, some aren't. The problem I find with a lot of these developments is that they ask for 30%, sometimes more on exchange of contracts which I think is ridiculous. I'm not about to give my money (£40-£60k) to the developer, to just sit in their bank account for 2 years. I'm (we are) basically funding the developer's work. Am I missing something? is there another perspective to this? (assuming I'm willing to wait 2 years for a property).
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Been looking at new build schemes. Developers often have their own solicitor drawing up contracts, is it worth having you own to look over it?
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Hi all, I'm considering buying an apartment "off-plan" (so to speak) in a currently derelict building in Liverpool. The building is a Grade II listed building. It is being completely renovated and made into a new residential development with many units. Delivery would be end 2018. A few things really I'd love some advice on: 1. Will it be difficult for me to secure a mortgage on what effectively is a Grade II listed building (despite the fact that it's being completed renovated)? 2. Am I likely to incur higher than usual service charges down the -
Hi, I would be very grateful for some experienced advice on an apartment purchase, which has hit a problem at the lenders survey stage. The property was purchased off-plan - terms of the contract were 5% upfront, then remaining 5% upon completion. I am pleased with the build quality, however, i have now hit a snag in that the lender will not lend on the property citing "high risk" and "unsuitable security". In fact, after discussion with my broker, it appears a number of lenders are not willing to lend on the building. I'm trying to locate the exact problem, but
